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Venezuela-Guyana Dispute
Venezuela-Guyana Dispute
Venezuela-Guyana Dispute
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Venezuela claims historical rights dating back to the Spanish colonial period when
within its boundaries. In 1840, the British government drew the Schomburgk Line e
territory of British Guiana (now Guyana) far beyond the occupied area and to the st
located mouth of the Orinoco River.
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This line played a pivotal role in shaping the modern borders of the region by defin
territory claimed by the UK, and later, a decolonized Guyana, as the country gained
in 1966. That same year, Venezuela and the UK signed an agreement aiming for a ne
solution.
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In 2004, President Hugo Chávez eased border tensions under the advice of Fidel Cas
that he considered the dispute to be finished.
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Recent events, however, have reignited the dispute. Between 2015 and 2021, Guyan
the discovery of about 8 billion barrels of oil, elevating a country with fewer than a
people to a prominent position among the top nations in terms of oil reserves. Exxo
leading a consortium, operates three o"shore projects in the country, earning nearl
2022 alone.
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President Maduro subsequently ordered the creation of a new state, Guayana Esequ
Venezuela’s borders, and released a new map of the country.
Venezuela’s new territorial claims don’t stop on land, they extend far out into sea as
Specifically, Venezuela is claiming a critical area called the Stabroek Oil Block, wher
and others are already active.
With a population of around 125,000 people, the disputed region is full of dense rai
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making a military incursion from Venezuela feasible only by sea or through the Bra
Roraima. Brazil, maintaining good diplomatic relationships with both countries, ha
increased military personnel on the border. The U.S. announced joint military flight
Guyana on December 7.
Despite increased military presence in the region, many experts believe that Presid
has no intention of actually annexing Essequibo, and that this recent claim is a tacti
his own image within Venezuela.
RELATED TOPICS: # Oil # Venezuela # Exxonmobil # Oil Reserves # Guayana Esequiba # Guyana # Guiana
# Essequibo # Schomburgk Line
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